Release of the Trans-Pacific Partnership Text

The National Farmers’ Federation (NFF) welcomes the release of the text of the Trans Pacific Partnership (TPP) Agreement: a twelve-nation trade pact that will create important new opportunities for Australia’s high-quality food and fibre exports.

The agreement finalised in October this year provides new ground rules for global trade across the Pacific region. It will help to drive growth in Australian agriculture and will support a more prosperous economy.

Agricultural exports are likely to grow considerably once the TPP is fully-operational. Australian farmers currently face a range of tariff and non-tariff barriers across a region which represents one-third of total agricultural exports, totalling $15 million in 2015.

Common ground rules and transparency in dealings between member nations will help reduce business costs and encourage farmers to invest more in their businesses and local communities.

Today’s release of the TPP text is an important step in the domestic-treaty process which will promote greater understanding about the TPP and the benefits it can bring for all Australians.